Cardano's Midnight Network Unveils Major Airdrop for XRP Holders
Table of contents
Introducing the Midnight Network
The Midnight Network is designed as a privacy-centric blockchain, leveraging zero-knowledge proofs to enable selective disclosure of data, catering to a growing demand for secure and compliant decentralized applications (dApps). Currently operating on its testnet, the mainnet launch is anticipated approximately 90 days after the commencement of the airdrop. Hoskinson envisions Midnight becoming a premier decentralized finance (DeFi) hub, particularly beneficial for users seeking enhanced privacy and cross-chain capabilities.
Airdrop Eligibility and Distribution Details
The NIGHT token airdrop is set to begin in July 2025. XRP holders are among eight different blockchain communities eligible for a share of the total 24 billion NIGHT tokens. Specifically, 1.2 billion NIGHT tokens are earmarked for XRP holders, part of a larger 7.2 billion token pool distributed equally among XRP, ETH, SOL, BNB, AVAX, and BAT holders. To qualify, users must have held at least $100 worth of XRP in a compatible wallet on June 11, 2025, when a snapshot was taken. The distribution will occur in three phases, with initial claims lasting 60 days. To ensure market stability, all claimed NIGHT tokens will be locked in a Cardano smart contract, with only 25% gradually unlocked over a year.
Strategic Impact on XRP and Cardano
This airdrop represents a strategic move to integrate XRP more deeply into the Cardano ecosystem. Hoskinson has also confirmed that Cardano's Lace Wallet will add support for XRP, further enhancing cross-chain functionality. This collaboration highlights a broader industry trend towards interoperability and aims to provide XRP holders with new avenues for engagement and utility within the expanding DeFi landscape, fostering a more connected digital asset environment.